Shenzhen Highpower Technology (SHE:001283) plans to collaborate with an unnamed European silicon materials manufacturer to produce next-generation lithium-ion batteries, according to a filing with the Shenzhen Stock Exchange.
Highpower Tech signed a non-binding memorandum of agreement with the European firm to manufacture lithium-ion batteries using pure silicon anodes, the filing said.
Shares rose 3% during Tuesday's afternoon trading.
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